Greek PM with a defiant message for his people
- we took the responsibility for the decision to avert the most extreme plans by conservative circles in Europe
- we averted the plan for a financial choking and banking system collapse
- we managed to restructure debt
- we managed to secure medium term financing
- deal will put Grexit talk in the past
- measures will inevitably create recession
Not sure he'll have public backing for that last one
- we sent a message of dignity to all Europe
- Greece will continue to fight to return to growth
- today's decision keeps Greece in conditions on financial stability
- growth package of €35bln and debt restructuring will make markets understand Grexit is history
- this time the burden will be distributed based on social justice
- burden will also fall on those who had not yet paid during the crisis
- we need radical reforms to get rid of the old oligarchy
Euro continues its retreat as the details hit the screens
EURUSD 1.1085 EURGBP 0.7148 EURJPY 136.78
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